Not necessarily. There are a number of exceptions to listing...

Not necessarily. There are a number of exceptions to listing rule 3.1, in this case, if the negotiations are not completed or are of a commercially sensitive nature.

For instance, under the Tanzanian mining regs, the 16% free carried preferential shares are a base minimum. There is the possibility of Tanzania requesting an additional ownership in the Mamba companies or some other sweetener available under the mining regs if PEK refuses to build a MREC Refinery in-country and goes ahead with Teeside.

In addittion, the Cost and Risk Sharing Agreement to be finalised from PEK to Mamba for the benefication IP (developed in Australia) and s other signficantly commercially valuable IP (marketing, logistics et al) developed over the last 12 years , as well as the ongoing Management, Marketing, Technical and other overhead costs currently sitting on the PEK opco.